Collateralized Loan Obligation

A true "buy-side" law firm

Dechert is a true “buy-side” law firm focused on representing asset managers and developing world class specialist practices in the areas relevant to them. We serve a diverse global client base that includes some of the most prolific CLO underwriters (major investment and commercial banks) as well as most of the largest asset managers and equity investors.

Top-ranked securitization, investment adviserand fund lawyers

Our top-ranked securitization, investment adviser and fund lawyer salso have earned us a leading market position in the representation of issuers, placement agents, collateral managers and equity investors in collateralized loan obligation (CLO) transactions, including middle-market balance sheet CLOs and broadly syndicated arbitrage CLOs in the United States and Europe.

Our global platform also includes a multidisciplinary team with unparalleled experience in representing clients on their risk retention capital formation strategies. In fact, we not only created the parameters of each of the major risk retention solutions in the CLO marketplace, we created the nomenclature (CMV, MOA, C-MOA, etc.) too. Not surprisingly, Dechert was the first call when it came to addressing the changes wrought on the CLO market by the risk retention rules, and now represents over 40 asset managers on their CLOs and risk retention strategies.

  • Asset-Backed Alert named Dechert as #1 issuer’s counsel for U.S. CLO by deal value and volume for 2015 and 2016 and #1 issuer’s counsel and underwriter’s counsel for U.S. CLOs by deal value and volume for year-end 2014, 2015 and 2016.
  • Named “Best Law Firm for CLOs” at the 2014, 2015 and 2017 GlobalCapital Securitization Awards. 
  • Rated as the “Best Legal Services Firm” in Creditflux’s Scrolls of Excellence CLO market surveyin 2015 and 2016. 
  • Ranked by The Legal 500 among the top law firms for Structured Finance in the United Statesin 2017.